16.12.2006 /Investing VTB and the Government of the Kaliningrad Region sign a Cooperation Agreement - On 11 December 2006, within the framework of a visit to the Kaliningrad Region by Andrei Kostin, Chairman and CEO of VTB, a Cooperation Agreement between VTB and the Government of the Kaliningrad Region was signed.

16.12.2006 /Investing Syndicated Factoring joint project is launched by VTB and NFC - Cooperation of key players in the banking and factoring markets suggests that the parties join together their efforts to ensure expanded access of trade and manufacturing companies to high quality factoring services.

16.12.2006 /Events VTB is a sponsor of the "Mikhail Vrubel. From the Russian Museum collection" exhibition - On 7 December 2006 an exhibition was opened in the State Russian Museum (The Benois Wing) "Mikhail Vrubel. From the Russian Museum collection".

16.12.2006 /Financial Statements Alfa-Bank completed a US $340 million Trade-Related Term Syndicated Loan - The 364-day term facility was arranged by The Bank of Tokyo-Mitsubishi UFJ, Ltd., Commerzbank AG, ICICI Bank UK Plc and NATIXIS. It is priced at 45 basis points over LIBOR and upon maturity can be extended for a second consecutive 364-day period.